What is the Next Dogecoin? Top 8 ContendersWhat is the Next Dogecoin? Top 8 Contenders Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.With Dogecoin's reaching from an all-time low of $0.0000869 on May 6, 2015, to an all-time high of $0.731578 on May 7, 2021, its no surprise many investors are looking for the next Dogecoin to invest in for massive profits.But how can you find the next Dogecoin? This article will explore the top contenders ...
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
With Dogecoin's reaching from an all-time low of $0.0000869 on May 6, 2015, to an all-time high of $0.731578 on May 7, 2021, its no surprise many investors are looking for the next Dogecoin to invest in for massive profits.
But how can you find the next Dogecoin? This article will explore the top contenders for the next Dogecoin and equip you with the knowledge to identify similar coins yourself.
8 Cryptos That Could be the Next Dogecoin
Here is our top list of the best eight cryptos of what will be the next Dogecoin.
Love Hate Inu - Trending Presale with Vote-To-Earn Meme CoinTamadoge - Play-To-Earn Meme Coin With the Highest Potential to Be the Next DogecoinFloki - High Utility DeFi and Metaverse Meme CoinLeverage Inu - Meme-Fi Coin Providing Passive Income to HoldersBaby Doge Coin - Dogecoin Spin-off With Deflationary Burn MechanismDogelon Mars - Elon Musk Inspired Dogecoin Spin-offShiba Inu - Biggest Dogecoin Competitor With Massive EcosystemSafemoon Inu - Coin with Largest Community to Smallest Market CapVisit Love Hate Inu PresaleA Closer Look at the Possible Next Dogecoin Cryptos
Next, we will dig into each of the top eight possible Dogecoin cryptos to see what makes them unique and give them the potential to explode in price.
1. Love Hate Inu - Presale Vote-To-Earn Meme Coin That Raised $100K in the First 24 Hours
One of Dogecoin's main criticisms is the concentration of token holders. According to CoinMarketCap, the top 10 Dogecoin wallets hold 47.26% of all coins. This makes Dogecoin vulnerable to price manipulation by whales.
On the other hand, Love Hate Inu is one of the best cryptos to invest in as its aiming to combat this by distributing 90% of its tokens in its presale, with the remaining 10% being used for exchange liquidity. For this reason, it's the best crypto presale right now.
Love Hate Inu is currently in stage one presale with over $700K raised. The LHINU price for the first round is $$0.000085 USDT, but it will increase to $$0.00008 USDT when the next round commences in two days. The price will be $0.000145 USDT following its IEO, which is a 70.5% markup from its current price.
For investors looking to invest in the next Dogecoin, this is the perfect time to buy Love Hate Inu due to its low price.
However, when it comes to Love Hate Inu, there is more to it than meets the eye. Firstly, it allows users to create and vote in polls. These polls can be used to vote on matters relating to the crypto protocol, but mainstream adoption could see polls held for topics outside of crypto, such as politics or voting on reality TV shows.
What gives Love Hate Inu even more potential is that it uses a Vote-to-Earn mechanism to reward holders for participating in votes. One of the significant issues DAOs have faced until now is that many users do not actually vote on matters. On the other hand, Love Hate Inu combats this by incentivising users to vote, creating a more fair and decentralised crypto.
In summary, Love Hate Inu is a crypto aiming to solve real issues with a community-driven project. This gives it huge potential and is why it's been voted one of the best crypto launches.
Visit Love Hate Inu Presale2. Tamadoge - Play-To-Earn Meme Coin With the Highest Potential to Be the Next Dogecoin
What comes to mind when you think of what's next after Dogecoin? Do you envision a fun project with a strong community but more utility than Dogecoin? If so, Tamadoge could be the next Dogecoin. If you have been keeping an eye on the crypto news, this will come as no surprise since many experts expect Tamadoge to be one of the best upcoming cryptos.
While Tamadoge is inspired by Dogecoin, it is a Play-to-Earn and metaverse project with a significant focus on building and rewarding its community. With that said, community is vital to the crucial component of Dogecoin's success, so we have high hopes for TAMA to be the next crypto to explode.
Tamadoge has three P2E games, with more on the roadmap. Players earn TAMA by purchasing pets from the Tama store and competing against each other in the games. They can use their earnings to upgrade their pets to earn more rewards, cash them out into another cryptocurrency or stake them for passive income.
The coin has recently ended its presale, having raised $15 million and consistently making headlines due to its wild popularity among investors and the media.
Following its presale, the coin launched on exchanges and caused quite a stir when the price rocketed to $0.1957 before steadying out. Recently, the price has spiked once again, which could be the start of the next big breakout for TAMA.
The coin has a total supply of 2 billion tokens and a market cap of $13.2 million. Its relatively small market cap means even if it were to capture 10% of Dogecoin's current market cap, it would do over a 40X price increase. But if it were to become the next Dogecoin, it would lead to immense profits for investors entering in its current price range.
Visit Tamadoge Now3. Floki - High Utility DeFi and Metaverse Meme Coin
Next on our list of what will be the next Dogecoin is Floki. The most exciting thing about this coin is that it already has a massive ecosystem and an impressive online presence.
This means for the less risk-averse investors, Floki would be a safer option to invest in. However, the caveat is that there is less upside as the coin already has a market cap of $300 million.
Nonetheless, there is still massive room for growth. With Dogecoin's current market cap being $9.7 billion, FLOKI has room to do a 32X to match DOGE.
The FLOKI token is used to power the Floki ecosystem, which consists of a metaverse, DeFi protocol, NFT marketplace and more.
Due to the coin's 25% burn mechanism on transaction fees, the token supply will decrease over time, which could naturally increase demand.
FLOKI has been performing exceptionally lately and could reclaim the $0.000077 if the trend continues. This would signal a higher time frame breakout and push the price higher.
4. Leverage Inu - Meme-Fi Coin Providing Passive Income to Holders
The Leverage Inu crypto is the first meme coin to be launched on the Artibtrum blockchain, but it comes with a twist. As well as being a meme coin, the LEVI token creates passive income for its holders using advanced DeFi strategies.
The coin has a $1.1 million market cap, which means even if you invest in the token today, you are still very early and could make massive profits.
Leverage Inu's protocol works by taking staked LEVI and using it to yield farm on other protocols. Leverage Inu has a team of expert traders that use the yield farming profits to leverage trade before redistributing the crypto back to the stakers.
Ultimately, this provides a real yield strategy so that LEVI holders can be rewarded without the project having to resort to inflationary tokens.
Because Leverage Inu provides utility to holders, there will be much less sell pressure long-term. Additionally, the project has soared in popularity recently, so that it could explode in price in the months ahead.
5. Baby Doge Coin - Dogecoin Spin-off With Deflationary Burn Mechanism
While some "Doge killers" bring new utility, others follow the "meme-first" Dogecoin philosophy. Baby Doge Coin follows this latter while building on Dogecoin's tokenomics for a more sustainable project.
Baby Doge Coin has a 10% transaction tax used to reward holders and punish "paper hands". The fee is redistributed between holders, a "dead wallet" (to burn) and liquidity pools.
One of the exciting things about Baby Doge Coin is that it is a BNB chain coin. This means many crypto users already have wallets set up to buy the coin, and they can purchase it for low fees. On the other hand, Dogecoin requires users to set up a new wallet, which can sometimes be off-putting.
The project has a market cap of $241 million, and the BABYDOGE price has begun to shift upwards. This suggests a long-term reversal is likely and considering its innovative tokenomics, it could even lead to BABY Doge Coin surpassing Dogecoin eventually.
6. Dogelon Mars - Elon Musk Inspired Dogecoin Spin-off
Surprisingly, Elon Musk became one of the most influential individuals in the meme coin industry in 2021. This led to many cryptos with Elon as the primary focus emerging, with the most promising being Dogelon Mars.
ELON has a market cap of $198 million, so it's an excellent option for a mid-cap coin that could surpass Dogecoin. But in a typical Dogecoin-like fashion, Dogelon Mars does not offer much utility. Instead, its main selling points are its "memeable" characteristics, such as its affiliation with Elon, dogs and reaching Mars (achieving a high price).
Although this may not seem like a project necessarily set to become a leader in crypto, its fun and light-hearted nature follows a similar model to Dogecoin and has already led to the project gaining over 300K Twitter followers. Also, the coin has recently been showing signs of breaking its recent downtrend in price.
7. Shiba Inu - Biggest Dogecoin Competitor With Massive Ecosystem
Shiba Inu is the most likely crypto to overtake Dogecoin. In fact, back in November, its market cap briefly overtook Dogecoins. Although the coin started as a direct competitor to Dogecoin, it has now expanded into a massive blockchain ecosystem, with its own DEX, P2E protocol and even a new Ethereum layer 2 scaling solution.
Shiba Inu is the most popular meme coin apart from Dogecoin, with a social media following of 3.6 million on Twitter and one of the most well-known hashtags of crypto Twitter, #shibarmy.
Considering community is the bread and butter of meme coins, it's no surprise that Shiba Inu has made our list.
However, the main issue for investors regarding Shiba Inu is that there is less room for growth compared to Love Hate Inu or Tamadoge. Shiba Inu already has a market cap of $6 billion. In comparison, Dogecoin has a market cap of $9.7 billion. This means there is only room for around a 50% increase to overtake Dogecoin.
8. Safemoon Inu - Coin with Largest Community to Smallest Market Cap
Safemoon Inu's market cap suffered one of the most significant falls from its all-time high in 2021 until today, with its price down 99.95%. The Safemoon Inu fully diluted market cap currently sits at $234 million, and the project has 1.3 million Twitter followers. To put that into perspective, it has over 30% of Shiba Inu's followers, with a market cap of 2.4% of Shiba Inu's.
Considering its community that builds meme coins, this puts Safemoon Inu in an exciting position for explosive growth. However, the Safemoon Inu team has not executed as well as other teams, particularly over the past 12 months.
Nonetheless, the crypto has some excellent tokenomics and an expansive ecosystem, so coupled with its growing community, the coin has the potential to make vast gains in the coming bull market.
Safemoon Inu also has a 10% tax on each transaction. This fee is redistributed to holders and back into the project to develop the ecosystem. Ultimately, this incentivises people to hold the SFM long-term as sellers are punished, and holders are rewarded.
Why do People Look for the Next Dogecoin?
While crypto is a volatile industry that can lead to lucrative gains, Dogecoin is renowned for making many investors millionaires seemingly overnight. But to understand why this happened, you first need to understand Dogecoin.
First conceptualized in 2013, Dogecoin was founded by software engineers Jackson Palmer and Billy Markus as a satirical payment system based on a popular online meme. So while Dogecoin has existed for almost a decade, it only noticeably rose to prominence in 2020.
Before 2020, the meme coins price remained primarily flat with the occasional surge, but it mainly followed the rest of the market.
However, in 2020 was when Dogecoin began to stand out regarding making huge gains. Following a TikTok trend aimed at getting Dogecoin to $1, the price started to surge. The DOGE price opened on January 1, 2020, at $0.002028 but closed on December 31, 2020, at 0.004682.
This is around over a 100% increase in price but was nothing compared to what was to come.
The following year, in 2021, Elon Musk and SpaceX showed massive interest in the cryptocurrency and even preferred it to Bitcoin. This led to the DOGE price surging, eventually reaching an all-time high of $0.7376 in May 2021 and increasing 157X in price in five months.
Investing $6000 in DOGE in December 2020 and selling in May 2021 would have made investors $1 million. With that said, the main reason people are looking for the next Doge is that the fun and community-driven nature of these types of tokens can lead to enormous profits quickly.
How to Find the Next Dogecoin
When identifying the next Dogecoin, there are some essential elements to remember. Cross-check the points below against each of the coins on our list to maximize profits.
Price
Whether you are looking for the new Dogecoin, or something else, the key to successful long-term profits is minimizing opportunity cost. But what is opportunity cost, and how can it help you make money in crypto?
Opportunity cost means choosing the option with the highest growth potential. This is important because while all the coins on the list might grow in the next bull market, some will grow much more than others. All coins on the list present excellent use cases and have teams capable of producing excellence, so the most important thing to look at for maximizing opportunity cost is price, or in this case, market cap.
Finding a coin with a low market cap with high growth potential, such as Love Hate Inu, means you will minimize your opportunity cost and make the highest potential returns.
High Potential Presales
As you know from Dogecoin's history, getting into a meme coin project early can result in massive profits, and the best way to get into a new project early today is through presales. This is because presale projects are brand new, so many users have yet to hear of them; therefore, their value is often underestimated.
The best way to identify a high-potential presale is by looking for ones that start strongly and continue generating demand moving forward. A great example is Love Hate Inu, which raised over $100K in its first 24 hours and continued experiencing massive success, with over $700K raised so far.
Genuine Utility
Although Dogecoin exploded without creating utility, coins aiming to be the next Dogecoin need to offer something new or different. The best way to do this is by providing real utility.
Solving real problems through decentralized blockchain technology is crypto's fundamental principle, so projects that do this have the highest chance of success. Tamadoge is an excellent example of a project which does this. It solves many of the issues faced in the traditional gaming sector by rewarding players for their time and effort.
Community
Finally, a strong focus on community is crucial to a project following Dogecoin's success. Look out for projects with an active presence on social media and those that reward their community for interacting with their crypto. A great example is Love Hate Inu, which distributes tokens to holders when they vote on polls in the cryptos ecosystem.
Conclusion
Considering the history of Dogecoin, it only takes a couple of months for a community-driven meme coin project to go from average to one of the world's most popular coins. But going forward, the next Dogecoin needs a low market cap and a strong community.
With this in mind, the next coin to explode and make huge gains is Love Hate Inu. As LHINU is in its presale, investors can currently buy it for a massively discounted price. Also, its actual utility and the fact the team is distributing 90% of coins at presale means it could do a 10X or more in price following its IEO!
Visit Love Hate Inu PresaleFAQs
What is the next Dogecoin?
Due to the fact the market has already experienced a bull market with meme coins, the next Dogecoin will need to add extra value. With that said, the most likely candidate is Love Hate Inu. It's a second-generation meme coin that provides value through utility and rewards users for partaking in the protocol. Moreover, the project is distributing 90% of its tokens at presale, resulting in Love Hate Inu being more decentralized than Dogecoin.